Startup India — Prelims Questions

Which of the following statements about the Startup India initiative is/are correct? 1. It was launched in 2016 by the Ministry of Finance. 2. DPIIT is the nodal agency for its implementation. 3. Eligible startups can avail a 3-year tax holiday under Section 80IAC. 4. The Fund of Funds for Startups (FFS) directly invests in individual startups.

Which of the following is NOT a component of the 'Simplification & Handholding' pillar of the Startup India Action Plan?

Consider the following statements regarding 'Angel Tax' and its relevance to Startup India: 1. Angel tax is levied on capital raised by unlisted companies from Indian residents above fair market value. 2. DPIIT-recognized startups are completely exempt from angel tax without any conditions. 3. The exemption from angel tax was introduced to encourage foreign direct investment into startups.

Which constitutional articles are most relevant to the underlying philosophy of the Startup India initiative, particularly concerning economic justice?

Consider the following statements about the impact of Startup India: 1. India has emerged as the third-largest ecosystem for unicorns globally. 2. The initiative has significantly reduced geographical concentration of startups, with uniform distribution across all districts. 3. DPIIT-recognized startups have created over 12 lakh direct jobs as of early 2024.